PIMCO California Municipal Income Fund III Plans Monthly Dividend of $0.03 (NYSE:PZC)

PIMCO California Municipal Income Fund III (NYSE:PZC) declared a monthly dividend on Tuesday, October 1st, NASDAQ reports. Shareholders of record on Friday, October 11th will be given a dividend of 0.0295 per share by the investment management company on Friday, November 1st. This represents a $0.35 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend is Friday, October 11th.

PIMCO California Municipal Income Fund III has decreased its dividend by an average of 8.1% annually over the last three years.

PIMCO California Municipal Income Fund III Stock Performance

Shares of PZC stock traded up $0.01 during mid-day trading on Wednesday, hitting $7.62. The company’s stock had a trading volume of 83,787 shares, compared to its average volume of 49,856. PIMCO California Municipal Income Fund III has a 52 week low of $6.30 and a 52 week high of $7.90. The company’s fifty day simple moving average is $7.33 and its 200-day simple moving average is $7.27.

About PIMCO California Municipal Income Fund III

PIMCO California Municipal Income Fund III is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets. It seeks to invest in stocks of companies operating across diversified sectors.